Zachs does it gain! They gave CFIN a #1 rating when it was in the mid 50's and lowered it to a #3 rating now that it's in the mid 40's. That's typical of Zachs. I believe the stock looks like a much better value now that it has pulled back and should be bought. I guess Zachs believes in the old "Buy high; sell low" investment strategy. They probably take their cues from Cramer.
Tornado damage is probably a bigger factor than flooding, but both are a direct result of global warming. It's too late to do anything about it, so the only thing P&C companies can do is to raise rates. If we have another tornado year like 2013, companies like CFIN will continue to get hurt badly. The weather we're having right now is a good indication that 2014 will be the worst year ever for tornadoes.
My guess is that the weakness is being caused by anticipation of massive flooding when the spring thaw begins in the coming months. Damage from burst pipes and leaking roofs is minor by comparison. The flooding that I'm concerned about could easily cover whole counties and run into the tens of billions of $$$. Although flood damage is usually back-stopped by the Federal flood insurance program that protects insurance companies from catastrophic losses, my guess is that they still have some exposure. I'm no expert, but that's my guess.